The Mortgage Bankers Association has significant doubts about the regulations meant to provide mortgage issuers rules for making safer loans.
WASHINGTON — Two credit union advocates told lawmakers today that the increased regulatory burden faced by the industry was hurting the ability of institutions to serve their members.
CUNA President Bill Cheney and Gerber FCU President/CEO John Buckley are scheduled to discuss the impact of the financial overhaul bill on small financial institutions at a House Financial Services subcommittee hearing next Wednesday.
NAFCU CEO Fred Becker has aggressively attacked the Federal Reserve's current rule implementing the Durbin debit cap amendment because of its lack of provisions to account for fraud damages.
Allied Credit Union President/CEO Frank Michael will be one of seven people testifying at the Feb. 17 hearing on the Federal Reserve's proposed rule on interchange fees, the House Financial Services Committee announced today.
The Federal Reserve's proposed rule regulating interchange will be the subject of a Feb. 17 hearing of the House Financial Services Committee's Subcommittee on Financial Institutions.
Saying she is "executing a fatally flawed plan," the lawmaker in charge of overseeing the new consumer agency asked point person Elizabeth Warren four pages of organizational and policy questions on the new consumer bureau.